Itta/553/2015 Of Principal Commissioner Of Income Tax-5 v. M/S Vbc Industries Limited
High Court
11 Mar 2016 In favour of: Assessee
Forum / Bench
High Court · taphc
Parties
Itta/553/2015 Of Principal Commissioner Of Income Tax-5 v. M/S Vbc Industries Limited
Date of order
11 Mar 2016
Assessment year(s)
—
Outcome
Dismissed
Case summary
In Itta/553/2015 Of Principal Commissioner Of Income Tax-5 v. M/S Vbc Industries Limited, the High Court (2016) dismissed the appeal. The decision went in favour of the assessee.
Decision: Permission is accorded and the appeal is dismissed aswithdrawn.
Summary auto-generated from the order below — read the full judgment for the complete reasoning.
The order — as passed by the High Court
THE HON’BLE SRI JUSTICE RAMESH RANGANATHAN
AND
THE HON’BLE SRI JUSTICE M.SATYANARAYANA MURTHY
I.T.T.A.NO.553 OF 2015
JUDGMENT: {Per the Hon’ble Sri Justice Ramesh Ranganathan}
In this appeal, Sri B.Narasimha Sarma, learned StandingCounsel for Income Tax Department, has requested that theappellant be permitted to withdraw their appeal, in view of thecircular instructions issued by the Central Board of Direct Taxes inCircular No.21 of 2015 dated 10.12.2015 whereby the appeals,whose monetary limit is below Rs.20,00,000/-, were required to bewithdrawn.
Permission is accorded and the appeal is dismissed aswithdrawn. There shall be no order as to costs. Miscellaneouspetitions, if any, pending shall stand dismissed.
______________________________
(RAMESH RANGANATHAN, J)
___________________________________
(M.SATYANARAYANA MURTHY, J)
11[th] March 2016RRB
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